NITIRAJ ENGINEERS
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The Current P/E Ratio of NITIRAJ ENGINEERS is 191.36.
| Share Price | ₹197.1 | Jun 16,2026 |
| Market Cap | ₹203.0 Cr | |
| Earnings-TTM | ₹1.1 Cr | TTM-Standalone Results |
| Price/Earnings | 191.36x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of NITIRAJ ENGINEERS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹203.0 Cr] as on Jun 16,2026
(/) Earnings [ ₹1.1 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 191.36x ]
Thus, for NITIRAJ ENGINEERS , the investors are currently willing to pay 191.36 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of NITIRAJ ENGINEERS !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of NITIRAJ ENGINEERS over the last five years.
Historical PE (Price/Earnings) ratio chart of NITIRAJ ENGINEERS
PE Ratio Performance Analysis for NITIRAJ ENGINEERS
- NITIRAJ ENGINEERS 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 16.95x.
- NITIRAJ ENGINEERS 's operated at median p/e ratio of 13.49x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NITIRAJ ENGINEERS 's p/e ratio peaked in Mar2025 at 56.48x.
- NITIRAJ ENGINEERS 's p/e ratio hit its five-year low in Mar2023 of 0x.
How does NITIRAJ ENGINEERS 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?
| Peer Comparison (Engineering - Industrial Equipments Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| NITIRAJ ENGINEERS | 1.06 | 191.36 | 203.0 |
| BHARAT HEAVY ELECTRICALS LTD | 1,539.21 | 86.90 | 133,763.0 |
| THERMAX LTD | 720.67 | 77.93 | 56,164.3 |
| KIRLOSKAR OIL ENGINES LTD | 557.72 | 50.08 | 27,929.7 |
| TRIVENI TURBINE LTD | 350.70 | 59.98 | 21,033.5 |
| JYOTI CNC AUTOMATION LTD | 336.00 | 47.50 | 15,959.4 |
| INOX INDIA LTD | 257.89 | 64.77 | 16,703.2 |
| AZAD ENGINEERING LTD | 133.56 | 103.20 | 13,784.0 |
| TEGA INDUSTRIES LTD | 136.58 | 100.61 | 13,741.2 |
| ELECON ENGINEERING COMPANY LTD | 340.54 | 36.68 | 12,491.2 |
| KRN HEAT EXCHANGER AND REFRIGERATION LTD | 76.47 | 104.45 | 7,986.6 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs NITIRAJ ENGINEERS 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 36.68x |
| Max industry PE | 191.36x |
| Median industry PE | 77.93x |
| Average industry PE | 83.95x |
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